v3.26.3
Condensed Consolidated Statements of Assets and Liabilities - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Investments at fair value:    
Investments at fair value $ 377,196,404 $ 225,511,505
Cash 40,853,490 49,034,154
Restricted cash 38,741
Interest and dividends receivable 12,106 118,710
Deferred financing costs 164,803 508,310
Prepaid expenses and other assets [1] 836,722 807,302
Total Assets 419,063,525 276,018,722
LIABILITIES    
6.00% Notes due December 30, 2026 [2] 35,733,362 35,642,149
6.50% Convertible Notes due August 14, 2029 [3] 26,473,554 34,131,509
6.50% Redeemable Promissory Note due July 16, 2029 [4],[5] 19,898,229
Accounts payable and accrued expenses [1] 1,366,803 627,522
Accrued management fees [4] 622,264
Accrued interest payable [4] 270,833
Dividends payable 301,291
Total Liabilities 84,365,045 70,702,471
Commitments and contingencies (Notes 7 and 10)
Net Assets 334,698,480 205,316,251
NET ASSETS    
Common stock, par value $0.01 per share (100,000,000 authorized; 26,473,222 and 25,377,756 issued and outstanding, respectively) 264,732 253,778
Paid-in capital in excess of par 231,068,007 217,470,613
Accumulated net investment loss (35,332,243) (3,967,932)
Accumulated net realized gain on investments, net of distributions 5,065,547 6,874,070
Accumulated net unrealized appreciation/(depreciation) of investments 133,632,437 (15,314,278)
Net Assets $ 334,698,480 $ 205,316,251
Net Asset Value Per Share $ 12.64 $ 8.09
Non-controlled/non-affiliate investments [Member]    
Investments at fair value:    
Investments at fair value $ 336,977,637 $ 217,304,138
Non-controlled/affiliate investments [Member]    
Investments at fair value:    
Investments at fair value $ 40,218,767 $ 8,207,367
[1] These balances include a right of use asset and corresponding operating lease liability, respectively. Refer to “Note 7—Commitments and Contingencies—Operating Leases and Related Deposits” for more detail.
[2] As of September 30, 2026, the
[3] As of September 30, 2026, the
[4] All or a portion of this balance references a related-party transaction. Refer to “Note 3—Related-Party Arrangements” for more detail.
[5] As of September 30, 2026, the